Therapeutic Drug Monitoring Market Size

Therapeutic Drug Monitoring Market size was over USD 1.96 billion in 2023 and is likely to cross USD 6.23 billion by the end of 2036, growing at more than 9.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of therapeutic drug monitoring is estimated at USD 2.11 billion.

The growth of the market during the forecast period can be attributed to the increasing focus of the healthcare providers to provide health care services, increasing demand for genetic testing, increased government and private sector participation in therapeutic drug monitoring markets, improvements in diagnostic technologies, rise in drug profiling processes, along with developments in process automation and system engineering. Moreover, favorable government regulations which permit drug monitoring especially in primary healthcare centers and private labs, is also anticipated to contribute towards the market growth during the forecast period.